Manila, Dec. 10 -- President Ferdinand R. Marcos Jr. has sworn in veteran fiscal expert Rolando Toledo as Acting Secretary of the Department of Budget and Management (DBM).

Toledo took his oath at Malacanan Palace in Manila on Tuesday.

In a statement on Wednesday, Toledo thanked Marcos for the trust and vowed to uphold discipline, integrity and urgency in managing public funds.

"I thank President Bongbong Marcos for the trust he has placed in me. I take on this role fully aware of its weight, and I will repay his confidence with honest, tireless service for the Filipino people," Toledo said.

He committed to "responsible, transparent, and people-centered governance," saying every peso of the national budget must deliver "real [and] fel...